LSCC EIGHT-DAY TRADE VISIT TO VIETNAM
Date: Monday, May 16, 2016 - Tuesday, May 24, 2016
Vietnam's allure is easy to appreciate as the ancient, labyrinthine trading quarters of craft industries are juxtaposed with grand colonial mansions from the French era.
During the eight-day trade visit, we focussed on the three major cities of Ho Chi Minh (Saigon), Hue and Hanoi and in all three we have selected top 5* hotels to ensure that everyone has a comfortable stay.
British Embassy trade officials and the local chambers of commerce in the three cities offered their assistance in brokering individual meetings and introductions.
As well as the business side of the trip, there was plenty of opportunities to experience Vietnam's culture and the food, which is subtle in its flavours and outstanding in its diversity. Internal tours will be arranged in consultation with members of the group.
Vietnam has one of the most vibrant economies in Asia with a large market for capital goods and a growing domestic market for consumer goods. It is forecast to be one of the top 10 fastest growing economies in the next few decades and offers many opportunities for UK businesses.
Strong exports and record-high foreign direct investments are among the reasons why Vietnam is bucking the broader regional trend of economic slowdown. Vietnam's economy is outperforming its South East Asian peers.
According to the Foreign and Commonwealth Office update report - Vietnam - 2014 Economic Update and 2015 Outlook, Vietnam's economic recovery is on a solid path as GDP growth increased to 6% in 2014, while inflation fell to a decade-low of 4.1%. During 2015, the key themes included the further strengthening of their foreign-invested manufacturing sector, sustained expansionary monetary policy plus the continued, steady focus on restructuring to cope with the demands of being a promising emerging market.
The 2016 focus for the Vietnam Government will be to push through effective implementation of new regulations to improve the business environment, especially with regard to enterprise and investment. The country's short and medium term outlook is hopeful, bringing good news to the foreign business and investor community.
Standing at 90 million people, it has a population greater than the UK, of which 60% are under 30. 60% of the population are educated and around 94% of the under 30s are literate.
The country's GDP is approximately $US190 bn. The economy is rapidly developing and is expected to continue to grow by around 6% in the next few years
COST: £1323 per person in double or twin room. Supplement £300 for a single room. (But see note 3 below)
- International return flights between London and Vietnam;
- Internal flights from Ho Chi Minh City to Hue & from Hue to Hanoi;
- 7 nights stay with breakfast in 5 star city centre hotels;
- All city and other taxes;
- Required documentation and Vietnamese visas;
- Business meetings and individual appointments as required.